Commercial Brokers Lien Affidavit | Pdf Fpdf Docx | Illinois

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Commercial Brokers Lien Affidavit | Pdf Fpdf Docx | Illinois

Last updated: 10/22/2024

Commercial Brokers Lien Affidavit

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Description

COMMERCIAL BROKERS LIEN AFFIDAVIT. This form is used to assert a party's claims regarding their involvement in a real estate transaction concerning a specific piece of land. The affiant, who is usually a seller, purchaser, lessor, lessee, or borrower, declares their relationship to the land and the existence (or non-existence) of any agreements with a broker for compensation related to the transaction. This affidavit serves to inform the title agency or underwriter that the affiant has either entered into a broker agreement and acknowledges the claim for compensation or has not engaged with any broker. The purpose is to facilitate the issuance of a title insurance policy without exceptions related to a Commercial Real Estate Broker Lien. www.FormsWorkflow.com

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